Key Takeaways:
- John J. Morris, Jr. steps into a dual leadership role as Waste Management strengthens its strategic growth initiatives.
- Wall Street sees potential upside for WM shares, with a consensus target suggesting an 11.25% increase.
- The GuruFocus GF Value estimate indicates a 6.89% potential price appreciation.
Leadership Update at Waste Management
Waste Management (WM, Financial) recently announced the promotion of John J. Morris, Jr. to the role of President while he continues his duties as Chief Operating Officer. This strategic move is designed to bolster the company's operational efficiency and growth trajectory. Investors will be keen to see how Morris's expanded leadership role impacts the company's performance and shareholder value.
Wall Street Analysts' Forecasts
Analysts on Wall Street have expressed optimism regarding Waste Management's stock potential. With projections from 19 analysts, the average target price is set at $247.50, ranging from a high of $271.00 to a low of $193.44. This average suggests an 11.25% upside from the current stock price of $222.47. For those interested in detailed estimate data, further information is available on the Waste Management Inc (WM, Financial) Forecast page.
Brokerage Recommendations
With insights from 24 brokerage firms, Waste Management Inc (WM, Financial) holds an average recommendation score of 2.3, which indicates an "Outperform" status. This rating is part of a broader scale ranging from 1 (Strong Buy) to 5 (Sell). Investors might find this consensus encouraging as they evaluate their positions in WM stock.
GuruFocus's GF Value Assessment
Utilizing GuruFocus's proprietary metrics, the estimated GF Value for Waste Management Inc (WM, Financial) projects a value of $237.80 over the next year. This suggests a 6.89% upside potential from the present price of $222.47. The GF Value reflects an estimate of the stock's fair trading value, derived from historical multiples, past business growth, and future performance forecasts. Interested investors can explore more detailed data on the Waste Management Inc (WM) Summary page.
